Docker desktop on Mac with Intel chip (Monterrey 12.1) stuck at startup

Since Friday 2/25/2022 Docker desktop on Mac with Intel chip (Monterrey 12.1) is getting stuck at startup.
Activity monitor is showing Docker not responding with almost 0 CPU utilization and time.
The Docker Desktop menu / icon is not showing up either.

I have tried uninstalling and reinstalling several versions down to 4.2.0 with no avail.
What are my options at this point?